top | item 37902046

(no title)

anon1199022 | 2 years ago

Are we talking about GS that has direct access to money printer and cheaper credit so they have certain revenue and profit no matter what? In the other hand, Apple creates hardware and software with real world risk. Supply chain risk etc. They are not like they can just manipulate markets to make billions for their staff. That game.

discuss

order

xyzelement|2 years ago

// Are we talking about GS that has direct access to money printer and cheaper credit so they have certain revenue and profit no matter what?

Not sure your overall point but sounds like you're somehow processing the world through both "it's physically impossible for GS to lose money" and "they lost money haha" lens without realizing those things are at odds and one mustn't be true.

lotsofpulp|2 years ago

If your premise were true, then why would their net income ever decrease?

https://www.macrotrends.net/stocks/charts/GS/goldman-sachs/n...

I would bet Apple's profits are far more resilient than Goldman's.

anon1199022|2 years ago

Net income can be volatile, just like the stock market? They can never go out of business with direct money printer support. They have very minimal risk compared to even lower banks. That privilege applies to very few at top. Whether people realize it or not. After Lehman, things changed. Apple makes their profit with actually creating products and innovation. GS no.

read here https://en.wikipedia.org/wiki/Systemically_important_financi...